Cost Engineer📣 Job Ad
| Contract Type | Full-time | |
| Workplace type | On-site | |
| Location | Jeddah |
About the Role
OHLA Group is seeking an experienced Cost Engineer to join its team in Jeddah, Makkah, Saudi Arabia. This full-time position requires a professional with a strong background in the commercial and tendering aspects of construction projects. The Cost Engineer will be responsible for preparing accurate cost estimates, managing tender pricing, developing budgets, conducting cost analysis, and monitoring project costs throughout their lifecycle to ensure accurate forecasting, competitive bidding, and project profitability.
Key Responsibilities
- Review tender documents, drawings, specifications, and contract requirements to understand project scope and cost implications.
- Prepare detailed cost estimates and pricing for construction projects, ensuring all cost components are accurately captured.
- Analyze and quantify material, labor, equipment, subcontractor, and indirect costs to establish a comprehensive cost base.
- Obtain, evaluate, and negotiate quotations from suppliers and subcontractors.
- Prepare Bills of Quantities (BOQ) pricing and compile comprehensive tender submissions.
- Participate in tender clarification meetings and engage in commercial negotiations.
- Conduct cost benchmarking exercises and perform market price analysis.
- Develop detailed project budgets and cost plans aligned with project objectives.
- Monitor project expenditures against approved budgets and identify deviations.
- Prepare regular cost reports, financial forecasts, and cash flow projections.
- Identify cost variances, investigate root causes, and recommend corrective actions.
- Support the preparation and evaluation of variation orders and claims.
- Coordinate with project teams to ensure cost-effective execution and budget adherence.
- Assist in contract administration processes and conduct commercial risk assessments.
- Prepare periodic cost performance reports for management.
- Track committed costs, actual costs incurred, and forecasted costs.
- Analyze project profitability and financial performance.
- Maintain accurate cost databases and historical records.
Qualifications and Requirements
- Bachelor’s Degree in Civil Engineering.
- Minimum of 5 years of experience as a Cost Engineer within the construction industry.
- Minimum of 3 years of experience working in Saudi Arabia with a contracting company.
- Proven experience in commercial management, tendering, and cost estimation.
- Strong experience in preparing construction cost estimates and tender submissions.
- Experience in infrastructure, building, or large-scale construction projects is preferred.
- Demonstrated experience in cost control, budgeting, and project financial monitoring.
Required Skills
- Proficiency in preparing detailed cost estimates and tender pricing.
- Expertise in cost analysis, budgeting, and financial monitoring of construction projects.
- Strong knowledge of construction methods, Bills of Quantities (BOQs), and contract documents.
- Proficiency in Microsoft Excel and specialized cost estimation software.
- Familiarity with ERP systems and project cost management tools.
- Knowledge of FIDIC contracts is preferred.
- Excellent analytical and numerical skills for financial assessment and forecasting.
- Strong commercial awareness and understanding of market dynamics.
- Effective problem-solving skills to address cost-related challenges.
- High attention to detail and accuracy in all financial and cost-related tasks.
- Strong negotiation and communication skills for interacting with stakeholders and suppliers.
- Ability to work effectively under pressure and meet demanding tender deadlines.
- Proven teamwork capabilities and effective stakeholder management.
Work Context
This is a full-time position based in Jeddah, Makkah, Saudi Arabia. The role requires over 10 years of experience, with a specific emphasis on commercial management and tendering functions within construction projects.
Requirements
- Requires +10 Years experience
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